ENOC group announced that it has renewed its agreement with the Chinese Meisheng Investment Development CO. Ltd for another five years, to supply and distribute its lubricant products in China, a press release reported.
This agreement will achieve the plan of ENOC to distribute more than 20 million liters of products over the next five years; meeting the increasing demand for lubricants, greases and oils in the Chinese market, including construction, transport, general manufacturing, power generation and original equipment manufacturer (OEM).
CEO of ENOC Group, Saif Humaid Al Falasi, said: “Our agreement with Meisheng Investment Development Co. Ltd underlines our commitment to expand our international footprint, offering our international customers best, safest and latest product range.”
He also noted that China is one of the strong global markets where ENOC is actively seeking to expand its presence, adding that renewed partnership will enable the company to gain significant market share.
CEO of Meisheng Investment Development, Qiu Weihao, said: “Meisheng is proud to have been associated with ENOC for the past seven years; marketing ENOC products in various cities in China. We are honored at the confidence ENOC has in us and are thankful for their support.”
ENOC reveals its plan to distribute a comprehensive product portfolio through this agreement as well; including engine Oils, automotive Gear Oils, automatic transmission fluids, hydraulic oils, industrial oils, greases, brake fluids, engine coolants, and injector cleaners.